IDG Contributor Network: What price range sees the most CNP fraud? It depends
As CNP fraud continues to increase, we often see reports about the price ranges fraudsters are targeting most heavily in different industries. For example, the $100 to $500 range was the sweet spot for many fraudsters looking to steal furniture, appliances, and power tools online, according to the October 2017 PYMNTS Global Fraud Index. A 2017 Juniper Research white paper put 2015 average fraud order values around $1900 for airline tickets, about $1700 for automotive purchases, and around $600 for pharmacy orders. Figures like these can help businesses protect themselves from fraud, but only if they’re used correctly. Simply adding a rule to an automated fraud-screening program is not enough, and it can even lead to more losses.